<<It takes years to change cultures not months >>
Wholehearted agreement on that one. I notice more and more that people are creatures of habit. Trying to repeat successes out of the past. Some owned Winnebago, or Rca, or IBM, and can picture those flying again rather than change to the tech stocks.
Too much success in CPQ at one time and the hope still remains
after a disastrous two years that they will come back.
Its lucky for us (tech investors) that many investors have made money in Sears,Pennys HD, Low, AA, Wmt, Reits,oils, in the past because they have not all 'caught on to' the tech revolution or
are happy with their position (of having money) and nothing has gone
critical enough to cause them to change.
Things have gone critical for the brokers, tho, as they saw the light (hehe) and will have to go on-line or die.
Michael woke up the PC makers also (G)
Summmary: Just trying to say there is much money out there which
will be moving into the techs provided that earnings (or potential earnings)stay up and the game can continue. I don't know the future of WMT, but it seems to have backed down about 20% now. Lowes is providing stiff competition by building adjacent to the HD store at least here in Texas, and will give a 10% discount if you tell them to HD price for an item. IMO Dell is in a better position than Wmt to continue to provide shareholder value and returns.
Sig |
